Heritage Wealth Partners LLC Has $4.91 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Heritage Wealth Partners LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 25.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,052 shares of the exchange traded fund’s stock after selling 3,372 shares during the period. Invesco QQQ accounts for approximately 5.8% of Heritage Wealth Partners LLC’s holdings, making the stock its 3rd largest position. Heritage Wealth Partners LLC’s holdings in Invesco QQQ were worth $4,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the second quarter worth approximately $30,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $493.15 on Thursday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business has a 50 day moving average of $471.00 and a 200-day moving average of $462.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.